Banking

Rent Hikes

Rent Hikes Rent Hikes

As rents continue to increase in some cities in the USA, eviction filings jump over 50% above pre-pandemic levels.

Jul 13, 2023 / OppArt / Andrea Arroyo

Former Treasury secretary and current Harvard professor Larry Summers listens to remarks during a discussion on low-income developing countries at the annual IMF and World Bank Spring Meetings, April 13, 2016, in Washington, DC. / AFP / Mike Theiler (Photo credit should read MIKE THEILER/AFP via Getty Images)

Larry Summers and the Crisis of Economic Orthodoxy Larry Summers and the Crisis of Economic Orthodoxy

The establishment’s repeated failures are creating room for heterodox ideas.

Jun 16, 2023 / Jeet Heer

A Cleaner World Lies in Nationalized Banking

A Cleaner World Lies in Nationalized Banking A Cleaner World Lies in Nationalized Banking

The private financial sector tosses a climate-conscious sheen over its horrific practices, but the best thing it could do for the planet would be to get very public—very quickly.

May 17, 2023 / Max Moran

Student debt relief lawsuit

SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed

The CEO of SoFi was paid nearly $103 million in 2021. Now the bank is suing the Biden administration in an attempt to gain even greater profits.

Apr 12, 2023 / StudentNation / Natalia Abrams, Cody Hounanian, and Sabrina Calazans

COP26 Global Day for Climate Justice march, London

Why Has the Right Become Obsessed With Climate-Friendly Banking? Why Has the Right Become Obsessed With Climate-Friendly Banking?

It’s not because they're concerned about climate catastrophe.

Apr 6, 2023 / Stan Cox

A man does a banking transaction at a Citibank ATM fast cash machine.

What if the People Owned the Banks? What if the People Owned the Banks?

The case for public banking.

Mar 28, 2023 / Katrina vanden Heuvel

What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB

What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB

It’s a war for the dollar—and the big banks. The rest of us better hold on tight.

Mar 21, 2023 / James K. Galbraith for The Nation

Elizabeth Warren greets Jerome Powell

Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account

With the Silicon Valley Bank collapse, the senator demands an independent investigation of the Fed, and says Powell should not continue as its chair.

Mar 21, 2023 / John Nichols

Barney Frank at news conference

Democrats Face a Terrible Reckoning on Bank Bailouts  Democrats Face a Terrible Reckoning on Bank Bailouts 

Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.

Mar 17, 2023 / Jeet Heer

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing on the weakness of US rules. (Photo by REBECCA NOBLE / AFP) (Photo by REBECCA NOBLE/AFP via Getty Images)

A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity

With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.

Mar 17, 2023 / Doug Henwood

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